Stuart FL 34997 Residential Market Report February 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for February 2018

For February 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 307 active listings (Increased by 15 homes from January).

155 Residential sales are pending and awaiting close or lender approval (Increased by 11 homes from January).

65 Homes Sold in February (Increased by 7 homes from January)

      The Stuart Florida Residential Market for ZIP Code 34997 showed improvement in all tracked metrics for this report.  Of note are two months of increased inventory which is good news for the market.

     The absorption rate decreased to 4.7 months (was 5.0 months for January).  Still in a seller’s market for the 34997 zip code area of Stuart for February 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.

     The 2017 numbers for February, were: 343 active listings, 182 pending listings, and 74 closed sales.  Better activity last February but this was with a greater inventory of available homes for sale.

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